M.W. Sewall, the New England company that runs Clipper Marts throughout Maine, has filed for bankruptcy. The company, which dates to 1887, has no plans to close stores while restructuring. M.W. Sewall operates 15 Clipper Marts on the Maine coast and runs an oil-and-propane delivery service as well.
regional stores: March 2009 Archives
Restaurant chain Tumbleweed filed for bankruptcy protection in Kentucky. The company and its franchisees run 40 restaurants in Kentucky, Indiana, Ohio and overseas. All Tumbleweed Southwestern Grill outlets are continuing to operate during the restructuring.
This is intriguing: a number of malls nationwide are cutting hours, instead of closing stores. Barnes and Noble is changing hours across the country. "General Growth, which is trying to avoid filing for bankruptcy protection, is changing the hours at many of its malls across the country, including Baltimore-area locations White Marsh Mall, Owings Mills Mall, Towson Town Center, Mondawmin Mall and The Mall in Columbia. The malls will close a half-hour earlier Monday through Thursday and close an hour earlier Friday and Saturday. On Sunday, the malls will open an hour later."
New England retailer Better Bedding is closing more than half its stores as part of a bankruptcy restructuring. The company, which has 21 outlets, is shutting 11 of them and consolidating inventory. Better Bedding cited a 20 percent sales decline as part of the problem. The chain has been in business more than 30 years and is family-owned.
